The sliding prices of commodities such as crude oil and iron ore indicate a global economic slowdown and potential recession risks. The S&P GSCI Commodities index, which measures the performance of various commodity markets, has declined more than 25% over the past year. Industrial metals have fallen 3.79%, while energy commodities like oil and gas have slipped by 23%. Agricultural commodities like grain, wheat, and sugar have gained approximately 11%. The decrease in commodity prices, particularly iron ore, and copper, may indicate an economic downturn in the construction and manufacturing industries worldwide. Brent crude oil fell by 34.76% year-on-year, despite OPEC's output cuts. Weak energy consumption in Europe and China's increased coal production have contributed to the decline.